US Tech or Chinese Tech? Where do we invest in 2023?
As we enter the new year, there’s one big question on everyone’s mind. Should we invest in US tech or Chinese tech for 2023? Starting with US tech, there’s no doubt that this industry has been doing well over the past decade. By the end of 2021, the US tech industry was worth an estimated $1.6 trillion. The current US Tech market estimates to account for 35% of the total world market. American tech companies are responsible for some of the most innovative and cutting-edge products and services in the world. Some notable names include: Alphabet, Apple, Microsoft, Amazon and more Introduction However, in the past few months, the US tech stock prices have also taken a beating. In 2022, the tech-focused NASDAQ has declined by over 30%. The following is mainly attributed to economic uncer